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Property profile & analytics
OFF-MARKET
Distribution properties
18000 Groschke Rd Houston, TX 77084-5675
Trust Owned
18-yr Hold
~
Est. High Equity
Property ID
US82-5267524
Property profile
Verified
Property type
Distribution properties
Use group
BUS TERMINAL
Year built
1984
Construction
METAL FRAME
Total area
16,225 SF
Lot
12.55 ac (546,678 SF)
APN
421320000001
UPID
US82-5267524
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lesikar Woodrow V Family Trust · 18 yrs held
Lesikar Woodrow V Family Trust
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$19,034
Tax year 2022
Assessed value
$867,674
Assessed 2024
Previous assessed
$1,222,372
-29.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$137,481
Assessed improvement
$730,193
Land market value
$137,481
Improvement market value
$730,193
Total market value
$867,674
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution properties
Use group
BUS TERMINAL
Status
Off-Market
Year built
1984
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
16,225 SF
Lot
12.55 ac (546,678 SF)
APN
421320000001
UPID
US82-5267524
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
12.55 ac
Current owner
From public records · entity-resolved
Lesikar Woodrow V Family Trust
Trust
Mailing address
PO BOX 941789, HOUSTON, TX 77094-8789
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2008
—
Lesikar Woodrow V Family Trust
—
Trustees Deed
related
$710,000 · Bank Of Texas NA
—
—
Operta Trust
—
Deed Of Trust
related
$213,690 · Capital One
—
—
Lesikar Woodrow V Family Trust
—
Deed Of Trust
related
$345,000 · Bank Of Texas NA
—
—
Gary Beck
—
Loan Modification
related
$250,000 · Allegiance Bk
—
—
Aleph Investments LP
—
Deed Of Trust
related
$290,000 · Bank Of Tx
—
—
Gary L Beck
—
Deed Of Trust
related
$40,000 · Allegiance Bk/tx
—
—
West Houston Airport Corp
—
Loan Modification
related
$1,014,997 · Westbound Bk
—
—
Advanced Intelligent Computing
—
Loan Modification
related
$485,954 · Westbound Bk
—
—
West Houston Airport Corp
—
Loan Modification
related
$761,943 · Westbound Bk
—
—
Airdrome Holdings INC
—
Loan Modification
related
$761,943 · Westbound Bk
—
—
Flight Ents INC
—
Loan Modification
related
$450,000 · Westbound Bk
—
—
West Houston Airport Corp
—
Loan Modification
related
$1,380,000 · Heritage Bk
—
—
Lesikar Woodrow V Family Trust
—
Deed Of Trust
related
$345,000 · Bank Of Texas NA
—
—
Evermore R/e Holdings LLC
—
Deed Of Trust
related
$450,000 · J P Morgan Chase Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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